econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



20Jul2015 Market Close: Nasdaq Closes Higher, SP500 Closes Lower, WTI Oil About To Bust Support And Gold Slipping Lower

Written by Gary

Nasdaq made another high (5231.94) and the SP500 rose above its high and closed back below 5/20's record close. Oil has continued to slip with WTI closing at 50.23, gold is also slipping closing at 1094 (and falling) and the U.S. dollar can't make up its mid which way it wants to go closing above 98.

Todays S&P 500 Chart

The Market in Perspective

Here are the headlines moving the markets.

France's Faurecia explores sale of bumpers business: Bloomberg

(Reuters) - France's Faurecia SA is set to explore a sale of its bumpers business, which may be worth about $450 million, Bloomberg reported on Monday, citing sources.

Wall Street advances on earnings momentum

(Reuters) - Wall Street advanced modestly on Monday, with the S&P on track for its seventh gain in eight sessions, as a better-than-expected start to corporate earnings season boosted investor confidence and overshadowed a drop in commodities.

China's Total Gold Holdings Much Higher - Owns Gold In SAFE and CIC

China's Total Gold Holdings Much Higher - Owns Gold In SAFE and CIC

- China revises up its stated gold reserves in bid for IMF membership and reserve currency status
- China announces a 604 tonne increase in gold reserves
- First public disclosure re reserves in since 2009
- China officially owns around 1,660 tonnes of gold reserves - true total figure is likely much larger
- Playing long game - protecting USD reserves and positioning RMB as global reserve currency
- China true gold holdings much higher as also owns gold in SAFE and CIC

20-07-2015_1

China officially revised its gold reserves upward for the first time since 2009 on Friday. The People's Bank of China (PBOC) stated on Friday that it had added 604 tonnes of gold to its official reserves last month.

Gold is no longer used to back paper and digital money of today, however it remains an important part of monetary reserves internationally. This can be seen in the People's Bank of China's (PBOC) announcement of an increase in their gold reserves.

China's official reserves are now almost 1660 tonnes of gold. Analysts, including Bloomberg and ourselves, had been expecting a sharp jump to at least 2,000 tonnes and possibly as high as 3,000 or 4,000 tonnes.< ...

Lockheed to buy Sikorsky for $9 billion; reviews options for IT business

WASHINGTON (Reuters) - Lockheed Martin Corp said Monday it would buy Sikorsky Aircraft, the helicopter unit of United Technologies Corp , for $9 billion, and would review the possible sale or spinoff of $6 billion in other information technology and services businesses.

Ashley Madison Hacked: America's 37 Million 'Cheaters' About To Be Exposed

Two months ago, AdultFriendFinder was hacked, exposing fuck buddy friend-finding federal employees among its 3.5 million user 'exposure'. Today, as KrebsOnSecurity reports, large caches of data stolen from online cheating site AshleyMadison.com have been posted online by an individual or group that claims to have completely compromised the company's user databases, financial records and other proprietary information (including profiles with all the customers' secret sexual fantasies). The hacker group "The Impact Team" manifesto concludes, "too bad for those [37 million] men, they're cheating dirtbags and deserve no such discretion."

As KrebsOnSecurity reports, the still-unfolding leak could be quite damaging to some 37 million users of the hookup service, whose slogan is "Life is short. Have an affair."

The data released by the hacker or hackers — which go by the name The Impact Team — includes sensitive interna ...

Wall St. Drifts Higher, but Oil and Gold Decline

Markets across Europe rose as investors' concerns about Greece's future in the European Union were eased.

Morgan Stanley beats estimates as trading revenue jumps

(Reuters) - Morgan Stanley reported a stronger-than-expected second-quarter profit as its bond and equities trading businesses handily outperformed those of its Wall Street rivals.

Gold hits five-year low under $1,100 on Chinese selling

LONDON (Reuters) - Gold prices plunged as much as 4 percent to their lowest in more than five years on Monday as sellers in top consumer China offloaded the metal.

Summary of Economic Releases this Week

Real Time Economic Calendar provided by Investing.com.

Earnings Summary for Today

Earnings Calendar provided by Investing.com.

leading Stock Positions

Leading Stock Quotes powered by Investing.com

Current Commodity Prices


Commodities are powered by Investing.com

Current Currency Crosses

The Forex Quotes are powered by Investing.com.



To contact me with questions, comments or constructive criticism is always encouraged and appreciated:

gary@econintersect.com

Click here for Historical Releases Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, using Livefyre just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



You can also comment using Facebook directly using he comment block below.





Econintersect Live Market

search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
Proud to Be a Nihilist: Bill Mitchell on Econometrics and Numerical Prediction
Fixing Obamacare - Why It Won’t Be Easy
News Blog
Why Your Phone Battery Gets Worse With Time
25 November 2016: ECRI's WLI Growth Index Improves
November 2016 BLS Jobs Growth Continues To Be OK, Just Not Great
Rail Week Ending 26 November 2016: Another Positive Week
It Will Take More Than A Wall To Solve Border Crime
Infographic Of The Day: How The Power Grid Actually Works
Early Headlines: Asia Stocks Down, Oil Eases, More Trump Noms, May Rebuked At Polls, Italy's 5 Star Movmt, Assad's Treachery, India's Currency Mess, Canada's Housing Bubble Popping? And More
30 Years Of American - German Trade Relations
How To Measure Audience Engagement Online
Chinese Smartphones On The Rise
Why Journalistic 'Balance' Is Failing The Public
75,000 Children In Nigeria At Risk Of Starving To Death
What We Read Today 01 December 2016
Investing Blog
Anticipating The Trend Change Makes For The Lowest Risk
It's Early Winter - Watch Out For Thin Ice
Opinion Blog
What Would It Take For Inflation To Surge - Or Even Just Emerge?
How Can China's Renminbi Deal With The Rising Dollar Risk?
Precious Metals Blog
Silver Prices Rebounded Today: Where They Are Headed
Live Markets
02Dec2016 Market Close: WTI Crude Climbed Back Up To Previous 51 Handle, US Dollar Index Trading At The100 Level, Oil Rig Count At 10-Month High
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government



Crowdfunding ....






























 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved